Answer the following statement(s) true (T) or false (F)
1. The EPA’s Endangerment Finding led to new controls on ozone-depleting substances released from stationary sources.
2. The Montreal Protocol is the international agreement aimed at addressing climate change.
3. During the Bush administration, the United States ratified the Kyoto Protocol.
4. After Russia ratified the Kyoto Protocol in 2004, the international agreement entered into force.
5. Under the Kyoto protocol, developed and developing countries have the same responsibilities and commitments.
1. False
2. False
3. False
4. True
5. False
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If the Fed increases interest rates, other things remaining the same, foreigners demand ________ dollars thereby ________ the exchange rate
A) more; increasing B) more; decreasing C) fewer; increasing D) fewer; decreasing E) the same number of; not affecting
John paints the exterior of his house and, as a result, his neighbor Christine is able to sell her home for $5,000 more than she could have before. John's house painting:
a. creates a negative externality for Christine. b. shows John is a free rider. c. results in an efficient market outcome for both. d. creates a positive externality for Christine. e. was poorly done.
If demand increases, then the
A. equilibrium quantity goes down. B. demand curve shifts to the right. C. equilibrium price goes down. D. demand curve shifts to the left.
If the marginal propensity to consume (MPC) is 0.8, the spending multiplier will be
A) 0.2. B) 1.25. C) 4.0. D) 5.0.